EIX 585 01 NOV 27 Market Value
| 842400HS5 | 103.53 0.10 0.1% |
| Symbol | 842400HS5 |
Please note, there is a significant difference between 842400HS5's value and its price as these two are different measures arrived at by different means. Investors typically determine if 842400HS5 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 842400HS5's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
842400HS5 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to 842400HS5's bond what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of 842400HS5.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in 842400HS5 on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding EIX 585 01 NOV 27 or generate 0.0% return on investment in 842400HS5 over 30 days. 842400HS5 is related to or competes with Mesa Air, IPG Photonics, Porvair Plc, MACOM Technology, Cebu Air, Kulicke, and KLA Tencor. More
842400HS5 Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 842400HS5's bond current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess EIX 585 01 NOV 27 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.47 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.359 |
842400HS5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 842400HS5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 842400HS5's standard deviation. In reality, there are many statistical measures that can use 842400HS5 historical prices to predict the future 842400HS5's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.422 |
EIX 585 01 Backtested Returns
EIX 585 01 secures Sharpe Ratio (or Efficiency) of -0.0852, which signifies that the bond had a -0.0852% return per unit of risk over the last 3 months. EIX 585 01 NOV 27 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 842400HS5's Coefficient Of Variation of (2,945), standard deviation of 0.2847, and Mean Deviation of 0.2105 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0466, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 842400HS5 are expected to decrease at a much lower rate. During the bear market, 842400HS5 is likely to outperform the market.
Auto-correlation | 0.22 |
Weak predictability
EIX 585 01 NOV 27 has weak predictability. Overlapping area represents the amount of predictability between 842400HS5 time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of EIX 585 01 price movement. The serial correlation of 0.22 indicates that over 22.0% of current 842400HS5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
EIX 585 01 lagged returns against current returns
Autocorrelation, which is 842400HS5 bond's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting 842400HS5's bond expected returns. We can calculate the autocorrelation of 842400HS5 returns to help us make a trade decision. For example, suppose you find that 842400HS5 has exhibited high autocorrelation historically, and you observe that the bond is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
842400HS5 regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If 842400HS5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 842400HS5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 842400HS5 bond over time.
Current vs Lagged Prices |
| Timeline |
842400HS5 Lagged Returns
When evaluating 842400HS5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 842400HS5 bond have on its future price. 842400HS5 autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, 842400HS5 autocorrelation shows the relationship between 842400HS5 bond current value and its past values and can show if there is a momentum factor associated with investing in EIX 585 01 NOV 27.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in 842400HS5 Bond
842400HS5 financial ratios help investors to determine whether 842400HS5 Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 842400HS5 with respect to the benefits of owning 842400HS5 security.